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GUYANA

06 March 2020

Liza Destiny FPSO

A VLCC converted to FPSO, Liza Destiny has a production capacity of 120,000 B/D of oil.

23 December 2019

ExxonMobil Starts Production from Liza Field Offshore Guyana

The startup of the deepwater field marks the beginning of production from the massive Stabroek Block, which contains an estimated 6 billion BOE. ExxonMobil estimates that at least 5 FPSOs will be producing more than 750,000 BOPD from the Stabroek Block by 2025.

16 October 2019

SBM Offshore Completes Financing of Liza Unity FPSO

As construction continues, SBM Offshore secured the $1.14 billion needed to finance work on the vessel. Liza Unity is scheduled for deployment at ExxonMobil's Liza Phase 2 development offshore Guyana.

30 September 2019

Work Continues on Liza Unity FPSO

SBM Offshore began construction on the vessel following ExxonMobil’s sanction of the Liza Phase 2 development offshore Guyana in May. It is designed to produce 220,000 BOPD after it starts up in 2022.

29 August 2019

FPSO for Liza Phase 1 Arrives Offshore Guyana

Following a 42-day journey from Singapore, the Liza Destiny has arrived at the Stabroek Block offshore Guyana, where it is expected to produce up to 120,000 gross boe/D from the ExxonMobil-operated deepwater project upon startup.

15 March 2019

Are Deepwater Projects Due for a Revival?

The oil price downturn spawned a lull in deepwater enthusiasm, but better project execution and reduced project lead times have helped operators achieve lower costs and better returns. What does the landscape for deep water look like in the near term? Will operators get more involved?

27 February 2019

Subsea Production Systems—Will 2019 Be a Tipping Point?

The past year ended with a surge of subsea tree awards as E&P operators locked in lower supply-chain cost. Will demand continue to grow in 2019 and allow subsea OEMs to build backlogs and take back pricing power?

16 January 2019

To Sanction, or Not To Sanction—That is the Offshore Question

2019’s class of offshore projects show a wide range of potential sanctioning outcomes.

13 July 2018

ExxonMobil Awards Second Liza FPSO Contract to SBM Offshore

Scheduled for startup in 2022, the FPSO is expected to produce up to 220,000 BOPD on the development offshore Guyana. Liza is one of eight discoveries ExxonMobil has made in area.

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